Day: May 25, 2024

The article summarizes a report by the World Economic Forum (WEF) which is advocating for the use of (retail) central bank digital currencies (CBDCs) and the wholesale version (wCBDCs). Retail CBDCs are for the general public while wCBDCs are geared towards interbank payments and securities transactions. According to the WEF, wCBDCs are “transformative” and they…